Mark McLiney calls the opportunity a “Win-Win” while citizen Diana Olvedo-Karau asked if the Fairplex and County Jail are “money pits?”
by Michael Robinson | Uvalde Hesperian
06-10-25
Uvalde County Commissioners voted to approve a resolution approving publication and posting of a notice of intention to issue the county’s combination tax and limited pledge revenue certificates of obligation in a maximum aggregate principal amount not to exceed $9,900,000.
A notice of the measure has been posted on the Uvalde County Webpage under Legal Notices. Additionally, the County will post the legal notice in a Uvalde printed weekly publication which according to officials meets the County’s legal obligations to move forward with the added debt proposal.
In a previous presentation by McLiney in a previous presentation at the Uvalde County Commissioners Court, the County has a low debt ratio and there is a window of opportunity for low interest rates for the county to take on this certificate of obligation. According to Uvalde County officials, the funds can be used for capital improvements for the Uvalde County Fairplex and Jail and other county owned facilities.
“46 days after the first publication, the Court has a right to authorize the sale of the $9.9 Million Certificates of Obligation on August 11th.
“The idea is this is a win for the county and a win for the bank.” McLiney said.
Uvalde County Citizen Diana Olvedo-Karau did question where the money the County jail received from housing Federal Prisoners is going.
Later in the meeting, Uvalde County Auditor Alice Chapman said during a presentation on line-item budget amendments, the amount of money the County receives for housing Federal inmates does not cover the cost of running the jail.
It was also mentioned at the Court’s meeting the jail is not new and was built in 2001.
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